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In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and

This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchang

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the wor